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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM24734
Volume:
7 |
7 |
Jul 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
– Demand forecasting is the process in which historical data is used to estimate the quantity of product customer will purchase. This prediction activity is used in many fields like retailing, food industry etc. In Restaurants, prediction play a vital role as most of the basic ingredients have short-shelf life. The demands depend upon many explicit and hidden context such as season, region etc. In this paper, number of order is used to forecast stock of items, using machine learning with internal and external data. In this we provide an appropriate algorithm for demand forecasting which is capable of overpowering the wastage of short life items. Proposed algorithm like Bayesian Linear Regression, LASSO, XG-Boost algorithm are used that considerably improves the forecasting performance.
KEYWORDS
Publication Date
7/20/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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